Common use of Replacement Financing Clause in Contracts

Replacement Financing. The Borrower will incur debt (whether from a private placement, refinancing in the bank loan market or otherwise), issue equity or otherwise effect transactions in amounts sufficient to prepay the Term Loan in its entirety pursuant to Section 2.7(b) as promptly as practicable after the date hereof.

Replacement Financing. The Borrower will incur debt (whether from a private placement, refinancing in the bank loan market or otherwise), issue equity or otherwise effect transactions in amounts sufficient to prepay the Term Loan in its entirety pursuant to Section 2.7(b) as promptly as practicable within a reasonable time after the date hereof.